ECONOMIC MECHANISM OF OPTIMIZING THE INNOVATION INVESTMENT PROGRAM OF THE DEVELOPMENT OF AGRO-INDUSTRIAL PRODUCTION

Authors

  • Katarina Brockova University of Economics in Bratislava
  • Volodymyr Rossokha National Scientific Centre «Institute of Agrarian Economics»
  • Vitalii Chaban Kyiv National Economic University named after Vadym Hetman
  • Mykola Zos-Kior Poltava State Agrarian Academy
  • Iryna Hnatenko Kyiv National University of Technologies and Design
  • Viktoriia Rubezhanska Luhansk Taras Shevchenko National University

Keywords:

economic mechanism, optimization, innovation-investment program, the development of agro-industrial production, innovative project, investments, economic-mathematical model, economic effect, cash flow, target function

Abstract

The efficiency of innovation activities of agro-industrial enterprises is provided by the choice of the optimal innovation-investment program, which consists of a set of innovative projects and the appropriate amount of money needed for their implementation. At the same time, given the limited financial resources required for the development of production, it is important to form an optimal set of projects by allocating funds not to local projects, but to the entire innovation and investment program as a whole. In this regard, the article aims to form an effective innovation-investment program of the development of agro-industrial enterprises based on modeling the choice of the optimal set of projects of the development of new innovative products and projects of the introduction of ready innovations on the market. To achieve this goal, the following research methods were used: systems analysis, economic and mathematical modeling, abstract-logical method, graphical method. According to the research results the proposed economic-mathematical model can be used in the process of choosing an innovative strategy of the development of agro-industrial production, as well as to form targeted programs of innovative development and investment support of agro-industrial enterprises as a whole.

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Published

2021-05-12

How to Cite

Brockova, K., Rossokha, V., Chaban, V., Zos-Kior, M., Hnatenko, I., & Rubezhanska, V. (2021). ECONOMIC MECHANISM OF OPTIMIZING THE INNOVATION INVESTMENT PROGRAM OF THE DEVELOPMENT OF AGRO-INDUSTRIAL PRODUCTION . Management Theory and Studies for Rural Business and Infrastructure Development, 43(1), 129–136. Retrieved from https://ejournals.vdu.lt/index.php/mtsrbid/article/view/2211

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